Flame Retardant Polyester Fiber Market Share & Growth [2031]

Report Description

Flame Retardant Polyester Fiber Market Outlook

The global flame retardant polyester fiber market size was USD 522.6 Million in 2022 and is projected to reach USD 635.7 Million by 2031, expanding at a CAGR of 2.20% during 2023-2031. Increasing usage of flame-retardant polyester fiber foin clothing, electronics, and other industries can drive the global market in the coming years.

The term flame retardant polyester fiber is also known as FR-PET. It refers to the copolymerization, mixing, finishing, and other processes used to create polyester fiber of qualities that are neither combustible nor flammable when exposed to burning for achieving the flame retardant effect.

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Flame-resistant fabrics are made up of typically synthetic fibers that resist ignition under prolonged exposure to flame or heat. These are also referred to as inherently flame-retardant fabrics. Instead of burning, these fabrics will eventually begin to melt. Polyester fiber has the highest usage and is extensively produced in the chemical fiber industry; however, it is flammable.

Flame-retardant polyester fiber is made with fire-retardant polyester fibers. It is utilized in a variety of end-use industries, including electronics, buildings, the automotive industry, and others. The term fire-retardant fabric refers to a textile that has been chemically treated or created with fireproof fibers and has the ability to resist fire.

Flame Retardant Polyester Fiber Market Macro-economic Factors

GDP

GDP is a critical indicator used to measure the size and performance of an economy. GDP across all countries declined due to the outbreak of COVID-19. The pandemic impeded the growth of all economies across the globe. It has drastically impeded the supply chain of companies that manufacture flame-retardant polyester fiber, thus leading to a substantial decrease in revenue. In the initial phase of the pandemic, companies manufacturing flame retardant polyester fiber faced difficulties, owing to the increased risk of supply of fiber to various other industries.

Demand and Supply

The supply of and demand for flame retardant polyester fiber are rising due to its properties such as it being inherently flame resistant and low affinity. Flame-retardant polyester fiber is widely used in the construction, textile, and automotive industries. The demand for flame-retardant polyester fiber across end-use industries is increasing. The supply chain was disrupted during the COVID-19 outbreak, as lockdowns were imposed by governments, which caused a shutdown of construction and manufacturing industries and slowly decreased the demand for flame-retardant polyester fibers.

R&D Activities

Research is required for the development of products. Companies in almost every industry rely on R&D to plan, design, and deliver innovative products; therefore, they are focusing on advancements and research trends in the flame retardant polyester fiber market to cater to the customer’s demand. Advancements in the product and novel development in the manufacturing industry are fueling the usage of flame retardant polyester fiber in several applications including coverings materials, protective wear, workwear, and others.

Flame Retardant Polyester Fiber Market Dynamics

What drives the Flame Retardant Polyester Fiber Market?

• Stringent regulations for workplace safety in developed nations

Flame-retardant polyester fabrics are used in industrial safety clothing. Protective clothing is majorly used by end-use industries including construction, oil & gas, and chemicals. The demand for these fabrics is high in the oil & gas sector. The use of fire-resistant clothing in the industry is required due to hazardous working circumstances.

Many employers have exhibited a concern for the safety of their employees due to the regulations in existence and direct and indirect expenses related to workplace accidents. These factors are significantly raising the demand for flame-retardant polyester fabrics, especially in developed countries, as they begin to regulate protective equipment in their domestic industrial sector.

• Rising demand for flame-retardant polyester fiber in various industries

Rising need for flame-retardant polyester fabrics in end-use industries such as industrial production and transportation is expected to fuel the demand for the fibers. Globally, governments are worried about the safety of people working around fires. Fabrics and textiles are highly flammable and susceptible to fire incidents in residential areas, industrial settings, and manufacturing industries due to the complexity of their structural design.

Flame retardants and polyester fabrics are used to limit the spread of fire for defending the surrounding area. In many developed and developing countries, flame retardant manufacturers are required to follow fire safety regulations. This trend is anticipated to boost the market.

What Restraints Flame Retardant Polyester Fiber Market?

• High production costs and a significant investment in R&D

One of the major factors limiting the growth of the flame retardant polyester fabrics market is the high cost of production. Flame retardant polyester fibers are highly expensive to produce due to the high cost of the raw materials and advanced manufacturing process. A high level of technological complexity in production and high R&D costs are projected to restrain market growth in the coming years.

The price of flame-retardant polyester fabrics is affected by fluctuations in energy prices. Therefore, rising prices of raw material, technology, energy, transportation, and wave structure is impeding the cost of flame-retardant polyester fabrics which results in hampering the market growth.

What are the Opportunities for Flame Retardant Polyester Fiber Market?

• Technical advancement in product design

Companies operating in the market are focused on developing affordable flame-retardant polyester fibers that comply with regional minimum criteria or regulations. Customers are requesting new features in these fabrics that cater to the changing nature of their applications. Customers are increasingly focusing on multi-purpose fire-resistant protective apparel.

The mechanical hazards are not effectively protected by flame-retardant clothing. Also, some industries, such as chemical and oil & gas, are expected to pose several hazards simultaneously. In these circumstances, workers and operators need multi-purpose protective apparel, which is projected to fuel the market in the coming years.

The demand for flame retardant clothing in various industries is increasing due to technological innovations such as increased flexibility, lightweight, and the use of cooling technologies such as phase change materials (PCM) in protective suits, which is expected to boost the market during the forecast period.

Scope of Flame Retardant Polyester Fiber Market Report

The report on the global Flame Retardant Polyester Fiber Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Flame Retardant Polyester Fiber Market Segmental Outlook

Why is the Inherent FRP fiber segment More Prevalent than the Treated FRP fiber segment?

In terms of type, the flame retardant polyester fiber market is segmented into inherent FRP fiber and treated FRP fiber. The inherent FRP fiber segment dominated the market in 2022 as inherent fiber-reinforced properties never wash out or wear away, resulting in a garment that guarantees ongoing protection and a long lifespan for reduced cost-in-use. Flame retardant polyester fiber is used in a variety of applications, including clothing, home textiles, and public utility.

The treated FRP fiber segment is expected to register a considerable CAGR during the forecast period as it takes a short period for production and installation. Treated FRP fiber is widely used for different applications as it is lightweight and offers long-term cost savings which are beneficial for manufacturers to use instead of other fiber.

Which Major Factors influence the Significant Growth of the End-use industry segment?

On the basis of the end-use industry, the flame retardant polyester fiber market is segmented into electronics, building & construction, automotive, textile/clothing, and others. The textile/clothing segment is expected to hold a substantial share of the market during the forecast, as the fabric produced from the flame-retardant polyester fiber is used to manufacture jackets, coats, and trousers that are employed in a hazardous environment.

It is used in clothing for workers as a safety measure to protect them from serious injury when stuck by flames, arcs, or molted metals. This self-extinguishing fiber doesn't melt even if exposed to high temperatures which are very helpful for various industry workers.

The electronics segment is projected to register a considerable CAGR in the coming years owing to the rising usage of flame-retardant polyester fiber in various electrical appliances such as computers, laptops, televisions, and other home appliances using wires and cables. It helps to reduce the risk of appliances catching fire and offers safety.

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Why is the demand for flame retardant polyester fiber high in North America?

Based on region, the flame retardant polyester fiber market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is growing at a rapid pace during the forecast. The government's initiative to protect workers and create a safe working environment to reduce the risk of accidents is expected to boost the market in the region. The steady growth in the demand for flame retardant polyester fiber for clothing, home, and textile can drive the global market.

The market in Asia Pacific is expected to register a considerable CAGR during the forecast period due to the rapid growth in the demand for flame retardant as clothing and textile is booming in the region. Rising industrialization with the new establishment of various industries can increase the demand for these fibers for workers as a safety measure such as industrial workwear and uniforms for firefighters. 

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the global Flame Retardant Polyester Fiber Market
• Historical, Current, and Projected Market Size in terms of Value and Volume
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints, and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Flame Retardant Polyester Fiber Market